Fitch hikes QatarEnergy

Fitch Ratings said it upgraded QatarEnergy's (QE) long-term issuer default rating to AA from AA-.

“The upgrade reflects a recent similar sovereign rating action on Qatar (AA/stable). This is because QE's AA rating is constrained by that of its sole shareholder - Qatar - given strong links between the company and the sovereign, in line with Fitch's government-related entities (GRE) and parent and subsidiary linkage (PSL) rating criteria,” Fitch said in a press release.

The outlook is stable.

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